CAclubindia News

Computation of period of stay in India in certain cases

19 August 2015 at 10:36

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE[CENTRAL BOARD OF DIRECT TAXES]INCOME-TAXNotificationNew Delhi, the 17th August, 2015S.O. 2240(E).

Posted in Income Tax | 11676 Views

Report on Audit Quality Review Findings

19 August 2015 at 10:36

ANNOUNCEMENTA Report on Audit Quality Review Findings (2012-15) Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to per

Posted in Audit | 9261 Views

34281 cases pending related to direct tax in high courts

12 August 2015 at 10:42

The number of cases relating to Direct Taxes pending in various High Courts and the amount involved therein is as below: High Court No. of cases pending* 34,281 Amount involved* (in Rs. crore)

Posted in Income Tax | 4 comments | 15000 Views

Parameters for Splitting of GST Revenue Between Centre and States

12 August 2015 at 10:42

Under the proposed GST regime, both Centre and States will simultaneously levy GST across the value chain. Tax will be levied on supply of goods and services. Centre would levy and collect Central Goods and Services Tax (CGST), and States would levy

Posted in GST | 13368 Views

Indirect Tax Provisional Revenue Collection Increases by 39.1%

11 August 2015 at 18:01

Indirect Tax Revenue (Provisional) Collections Increase From Rs. 40,802 Crore in July 2014 to Rs. 56,739 Crore During July 2015 Registering an Increase of 39.1% During the Month of July 2015 Over the Corresponding Period in the Previous Year; Customs

Posted in Income Tax | 1 comments | 9249 Views

Facility for downloading Statements of Marks for IPC exams

11 August 2015 at 18:01

Physical copies of statement of marks in respect of Intermediate (IPC) Examination held in May, 2015, in the standard printed stationery are under dispatch, in the normal course.In addition to the above, the statement of marks in respect of Intermedi

Posted in Exams | 13836 Views

Non-Compliance of Companies Act

08 August 2015 at 10:50

Registrar of Companies (ROCs) were directed to examine documents under Section 234 of the Companies Act, 1956 in the year 2010. ROCs examined documents of the companies located within their jurisdictions and certain violations of the provisions of t

Posted in Corporate Law | 1 comments | 21504 Views

Ease of Doing Business/Use of INC - 29 for Formation of Company

07 August 2015 at 17:31

For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the

Posted in Corporate Law | 6 comments | 14172 Views

CBDT signs advance pricing agreements (APAs) to usher in certainty in taxation

07 August 2015 at 10:40

As a part of a major initiative to usher in certainty in taxation, the Central Board of Direct Taxes (CBDT) entered into two unilateral Advance Pricing Agreements (APAs) on 3 August, 2015 with two Multi-National Companies (MNCs) which includes the fi

Posted in Income Tax | 8391 Views

Empanelment of Chartered Accountant firms/LLPs for the year 2015-16

03 August 2015 at 15:03

This is to inform that Multipurpose Empanelment Form (MEF) for the year 2015-16 has been made live at www.meficai.org. The Members/firms can apply the form showing the status as on 1st January 2015. After filling the form, they are required to genera

Posted in Others | 1 comments | 20892 Views